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Recent Updates — MI

August 28, 2026View Source ↗

NFT Limited closed a $2 million public offering on August 24, 2026, issuing 437,957 units comprising Common Units and Pre-Funded Units at prices of $4.60 and $4.56 per unit, respectively. The transaction generated approximately $1.76 million in net proceeds after deducting placement agent fees and expenses, which the company intends to use for working capital and general corporate purposes. Each unit includes warrants exercisable into Class A ordinary shares, with exercise prices of $4.60 for Common Warrants and $0.04 for Pre-Funded Warrants. Maxim Group LLC served as the exclusive placement agent, receiving a 6% fee on gross proceeds. The company also granted Maxim a 12-month right of first refusal on future financings and imposed a 120-day lock-up on officers and directors.